Through extensive resilience and recovery work on drought and natural disasters across Queensland, QFF identified a gap in the risk management tools available to farmers.
Agricultural industry-specific insurance is underdeveloped in Queensland, but it is an exciting prospect for our sector in its ongoing need to better manage risk.
QFF is at the forefront of this new industry. Working with members, the insurance sector and universities we are developing appropriate insurance products and improving the understanding of insurance and its use as a risk management tool.
With crop insurance not available for many agricultural commodities grown in Queensland, projects underway will bridge this gap and bring suitable products to market faster to provide farmers with additional risk management tools.